Does Western Union have money transfer agents in Europe?
In October 2011, Western Union completed the acquisition of Finint S.r.l., one of Western Union’s leading money transfer network agents in Europe, counting more than 10,000 subagent locations across Italy, Spain, and the United Kingdom.
What is Western Union Company?
The Western Union Company is an American worldwide financial services and communications company. Its headquarters is in Denver, Colorado. Up until it discontinued the service in 2006, Western Union was globally the best-known American company in the business of exchanging telegrams.
When did Western Union merge with other companies?
Originally fierce competitors, by 1856 both groups were finally convinced that consolidation was their only alternative for progress. The merged company was named the Western Union Telegraph Company at Cornell’s insistence, and Western Union was born.
Is Western Union a monopoly or oligopoly?
After the creation of the ‘Six Nations’ system, Western Union continued to acquire both larger & smaller telegraph companies and by 1864 had transformed from a regional monopoly into a national oligopolist with its only serious competitors being the American Telegraph Company and the United States Telegraph Company.